The Greek Ministry of Development has introduced a temporary cap on profit margins for 61 essential products, aiming to protect consumers amid rising prices. The measure will be in effect until June 30, 2026, when authorities will reassess its impact.
Under the new rules, retailers, wholesalers, manufacturers, and distributors cannot sell these items at a higher margin than was allowed in 2025. Violations could result in fines of up to €5 million, signaling the government’s determination to prevent price gouging.
Government Statement
Minister of Development Takis Theodorikakos described the move as “strict but necessary” given current conditions, urging businesses to act with social responsibility. “Profit is legitimate, profiteering is not,” he stated. The minister also called on opposition parties to support the initiative and encouraged the independent authorities to increase market inspections to ensure compliance.
Products Affected
The measure covers a broad range of essential foods, household items, and baby products, including:
Food staples: rice, bread, pasta, flour, lentils, beans, chickpeas, cold cuts, fresh and frozen meat, fish, milk, yogurt, cheeses, ready meals, juices, sugar, and sweeteners.
Household and hygiene products: laundry detergents, surface cleaners, dishwashing liquids, toilet paper, paper towels, soaps, shampoos, body washes, and razors.
Baby care: infant milk, baby cream, diapers, wipes, and baby shampoos.
Pet food: products for dogs and cats.
The list reflects the government’s focus on items that are critical for daily living, ensuring that basic nutrition, hygiene, and childcare products remain accessible to all citizens.
Enforcement
Authorities will closely monitor compliance across supermarkets, industrial suppliers, and distribution networks, aiming to protect consumers and uphold market fairness.
